South End Capital (SECC) Managing Director Noah Grayson has reported 2015 commercial financing applications from small business owners and property investors grew dramatically over 2014 with late 2015 applications alone increasing 263% over the same quarter (Q4) in 2014. The seven-year-old boutique lender and finance firm received almost 2,200 loan applications in 2015 comprised of 1,436 small business loan requests totaling almost $690 million, and 760 applications of just over $660 million for non-conforming residential and small-balance commercial real estate investors.

We are pleased to announce the closing of this $17,100 working capital loan for a wine company located in California. This borrower had been turned down for financing from every bank, term and MCA lender she’d approached when her broker brought her to SECC. Credit in the 500s and time in business of only 10 months were reasons enough for other lenders to pass on the application. SECC came through with a 10 year fixed term, monthly payment and no prepayment penalty and funded the borrower in 1 day.

Monthly payments, no prepayment penalties and rates starting at 9.99% are still available, but now we offer: No restricted industries, No caps on NSFs, no minimum deposit requirements, no time-frame for bankruptcies or foreclosures, no judgment restrictions, credit down to 500, minimum time in business down to 2 months and much, much, more…

SECC is pleased to announce the closing of this non-owner occupied single family residence purchase loan in Georgia. SECC provided a 5 year fixed loan amortized over 30 years, priced at 7.5% with a 54321% declining prepayment penalty. The property was vacant at the time of closing and SECC required no tax returns, no financials, no 1003 or PFS.

SECC is pleased to announce the release of our non-owner occupied 1 to 4 unit residential loan program. This program serves to capitalize on the growing financing need of residential property investors and flippers in the current marketplace. SECC’s program provides terms and flexibility currently unavailable through mainstream capital channels.

SECC is pleased to announce the funding of a $211,750 acquisition loan for the purchase of a vacant bowling alley in California. The borrower confronted many barriers to obtaining financing prior to being introduced to SECC who was able to provide a 25 year fixed rate stated income loan. Most lenders would shy away from a vacant special purpose property in a tertiary market, but SECC delivered enabling the borrower to capitalize on this opportunity.

SECC is pleased to announce the closing of an $8.3M bridge loan for the refinance cash-out of a California office building. SECC delivered a 12 month interest only term, a 12% interest rate, 75% LTV and over $1.5M of cash-out.

SECC is pleased to announce the closing of a $1,435,000 purchase and construction loan secured by 3 contiguous office condominiums. The borrower required a purchase loan that included over $500,000 of construction, but was not interested in SBA financing. SECC delivered a high LTV conventional loan at a 5.35% rate, fixed for 5 years and amortized over 30.

SECC’s Private Business Term and Express programs are fast and efficient vehicles to provide small business owners the capital they need without the headache or long drawn out process that comes with conventional or SBA financing. Our 5 most recent closings exhibit the speed at which we are able to execute these transactions as well as the variety of business types we are able to serve.

SECC is pleased to announce the closing of a $100,000 uncollateralized private business loan made to a Florida based pizzeria. The borrower was seeking quick private capital with no prepayment penalty and an affordable rate. SECC delivered on the borrower’s request, required no real estate collateral and closed fast.

We live in an Amazon.com world. Salesmen can no longer hawk their wares the way they used to, big-box retailers are closing their doors daily, and rising above the competition is all about Google ad-dollar superiority and Yelp reviews.

SECC is pleased to announce the closing of a $350,000 private business working capital loan for an insurance brokerage located in PA. The insurance industry is typically restricted for most private business lenders but not for SECC. Not only did we provide a loan for a difficult to finance industry, but we closed a loan with no prepayment penalty, a monthly payment, no real estate collateral and very competitive pricing.

SECC is pleased to announce the closing of a cash-out refinance loan made against a 71% occupied retail strip mall located in Killeen, TX. The borrower was brought to SECC by one of our valued broker partners and seeking a quick stated income loan that would get her the unrestricted cash-out she needed, without the requirement of producing tax returns.

SECC is pleased to announce the closing of a $340,000 cash-out refinance against an owner occupied single tenant office located in Marlton, NJ. The borrowers’ credit had suffered from erroneous reports on their profiles which forced their scores into unbankable territory. Unlike other lenders, SECC was able to use a common sense approach to extend bankable terms to borrowers who rightly deserved them.

SECC is pleased to announce a selection of recent small business loan closings that demonstrate a growing versatility and dominance in this space. Small business owners need to look no further than SECC where both their private business and SBA business loan needs can be promptly and adeptly met.